 "Hero MotoCorp falls after huge block deal")
Shares of Hero MotoCorp have dipped nearly 2% to Rs 2,900 on NSE after huge block deals executed on the counter.
The stock opened at Rs 2,920 and touched a low of Rs 2,874 so far on NSE. At 1054 hours, a combined 10.41 million shares representing 5.2% of total equity of Hero MotoCorp changed hands on the counter on NSE and BSE.
According to Reuters report, US private investment firm Bain Capital had planned to $200 million worth of shares in Hero MotoCorp, with an option to sell more.
The Bain Capital arm BC India Pvt Investor II selling the stake owned about 11.5 million shares of Hero MotoCorp as of end-September, or about 5.77%, according to stock exchange data.
The stock opened at Rs 2,920 and touched a low of Rs 2,874 so far on NSE. At 1054 hours, a combined 10.41 million shares representing 5.2% of total equity of Hero MotoCorp changed hands on the counter on NSE and BSE.
According to Reuters report, US private investment firm Bain Capital had planned to $200 million worth of shares in Hero MotoCorp, with an option to sell more.
The Bain Capital arm BC India Pvt Investor II selling the stake owned about 11.5 million shares of Hero MotoCorp as of end-September, or about 5.77%, according to stock exchange data.
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